iShares Morningstar U.S. Equity ETF (NYSEARCA:ILCB – Get Free Report) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 632 shares, a decline of 58.4% from the July 15th total of 1,521 shares. Based on an average daily trading volume, of 8,282 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of ILCB. Evanson Financial LLC bought a new position in iShares Morningstar U.S. Equity ETF in the 2nd quarter valued at $259,000. S&A Financial Services Inc. purchased a new position in iShares Morningstar U.S. Equity ETF during the first quarter valued at approximately $219,000. Western Wealth Management LLC purchased a new position in shares of iShares Morningstar U.S. Equity ETF in the 1st quarter valued at $45,000. Bank of America Corp DE grew its stake in iShares Morningstar U.S. Equity ETF by 13.0% in the first quarter. Bank of America Corp DE now owns 114,117 shares of the company’s stock valued at $10,255,000 after purchasing an additional 13,157 shares during the last quarter. Finally, Arkadios Wealth Advisors purchased a new position in shares of iShares Morningstar U.S. Equity ETF in the 1st quarter worth approximately $1,511,000.
iShares Morningstar U.S. Equity ETF Stock Down 0.2%
NYSEARCA ILCB traded down $0.20 during trading hours on Friday, hitting $107.67. 7,696 shares of the company were exchanged, compared to its average volume of 17,655. The stock has a market cap of $1.32 billion, a PE ratio of 26.16 and a beta of 1.04. The stock has a 50-day moving average price of $103.81 and a 200 day moving average price of $99.03. iShares Morningstar U.S. Equity ETF has a 52 week low of $86.96 and a 52 week high of $108.11.
iShares Morningstar U.S. Equity ETF Company Profile
The iShares Morningstar U.S. Equity ETF (ILCB) is an exchange-traded fund that is based on the Morningstar US Large-Mid Cap index. The fund tracks a market cap-weighted index consists of both growth and value stocks, selected from the top 90% of the US market-cap spectrum. ILCB was launched on Jun 28, 2004 and is managed by BlackRock.
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